The ONE Group Hospitality, Inc. (NASDAQ:STKS) to Post Q3 2022 Earnings of $0.12 Per Share, Wedbush Forecasts

The ONE Group Hospitality, Inc. (NASDAQ:STKSGet Rating) – Stock analysts at Wedbush decreased their Q3 2022 EPS estimates for shares of ONE Group Hospitality in a research report issued to clients and investors on Thursday, September 15th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.19. The consensus estimate for ONE Group Hospitality’s current full-year earnings is $0.66 per share. Wedbush also issued estimates for ONE Group Hospitality’s Q2 2023 earnings at $0.18 EPS.

ONE Group Hospitality (NASDAQ:STKSGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $81.13 million for the quarter, compared to the consensus estimate of $77.46 million. ONE Group Hospitality had a return on equity of 35.49% and a net margin of 8.17%.

A number of other equities research analysts have also weighed in on STKS. TheStreet lowered shares of ONE Group Hospitality from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. Roth Capital started coverage on shares of ONE Group Hospitality in a report on Tuesday, July 19th. They set a “buy” rating and a $13.00 price target on the stock. Finally, StockNews.com cut shares of ONE Group Hospitality from a “buy” rating to a “hold” rating in a report on Monday, August 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ONE Group Hospitality has an average rating of “Moderate Buy” and an average price target of $16.67.

ONE Group Hospitality Price Performance

STKS stock opened at $6.97 on Monday. The firm’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.85. ONE Group Hospitality has a 12-month low of $6.54 and a 12-month high of $16.44. The stock has a market capitalization of $227.56 million, a price-to-earnings ratio of 9.29 and a beta of 2.39. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Institutional Trading of ONE Group Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of STKS. Dimensional Fund Advisors LP grew its stake in shares of ONE Group Hospitality by 54.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 114,417 shares of the restaurant operator’s stock worth $1,443,000 after buying an additional 40,529 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of ONE Group Hospitality by 174.6% during the 4th quarter. BNP Paribas Arbitrage SA now owns 10,910 shares of the restaurant operator’s stock worth $138,000 after purchasing an additional 6,937 shares during the period. Allianz Asset Management GmbH purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $276,000. Alberta Investment Management Corp purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $417,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of ONE Group Hospitality during the 4th quarter worth about $633,000. 39.70% of the stock is currently owned by institutional investors.

ONE Group Hospitality Company Profile

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The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

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Earnings History and Estimates for ONE Group Hospitality (NASDAQ:STKS)

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